Sample Letter Of Credit Template For Subdivision Or Improvement Agreements

SAMPLE FORM

FOR LETTER OF CREDIT

FOR SUBDIVISION OR IMPROVEMENT AGREEMENTS

[On Bank’s Letterhead]

BENEFICIARY:

City of Antioch

Effective Date:

Attn: Community Development Director

P.O. Box 5007

Expiration Date:

Antioch, CA 94531-5007

[Letter of Credit shall be renewed

automatically as set forth below and

shall not expire any earlier than 45 days

after the filing of Notice of Completion for

the project]

Amount: $

APPLICANT:

RE:

Project Name

IRREVOCABLE STANDBY LETTER OF CREDIT NO.

We hereby establish our irrevocable Letter of Credit in favor of the City of Antioch for an amount

not exceeding the aggregate

) U.S. dollars available by your drafts drawn at sight on us at

[Note: confirm a local bank authorized to do business in State of California]

and accompanied by the document specified below:

Page 1 of 2

0 votes

Parent category: Letters